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Wrench , 3 months ago That’s why it’s a wealth cap. That’s net worth, not income. You exceed the 20m cap, you have to pay the excess to taxes. If it’s locked in company shares, you have to sell them and pay that in taxes.
That’s why it’s a wealth cap. That’s net worth, not income.
You exceed the 20m cap, you have to pay the excess to taxes. If it’s locked in company shares, you have to sell them and pay that in taxes.